
Studio City, California 91604
Analysis of 12340 Viewcrest Road, Studio City, California 91604 is currently available with a list price of $3,495,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Studio City Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
This listing is for a development opportunity with 'Ready to Issue' (RTI) plans rather than a completed home. While the plans describe a luxury architectural masterpiece, the property currently has no finished structure, kitchen, or bathrooms. Per the criteria, the value is based solely on the land and its potential for redevelopment, as construction has not yet commenced (Year Built 2026).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 174455, living area = 6716.
Elementary School: Warner Avenue Elementary School (9/10).
The property includes 'Ready to Issue' plans for a 6,716 square foot architectural residence, allowing a buyer to bypass months of permitting delays and begin construction immediately.
As a development opportunity rather than a finished home, the buyer must commit substantial additional capital and time to execute the build-out of the 6,716 square foot masterpiece.
The promontory setting and contemporary glass design likely involve complex hillside engineering and high-end material costs, which can lead to unpredictable construction expenses.
Presenting one of the largest parcels in the coveted Silver Triangle of Studio City, this extraordinary four acre estate opportunity comes complete with RTI plans for a 6,716 square foot architectural masterpiece. Incredible privacy with the potential to gate the newly entitled private street, and then another privacy gate at the start of a long driveway. The approved plans showcase a stunning contemporary glass jewel box residence, perched above on a promontory view preserve, designed to capture sweeping views from nearly every room. Glorious sunrise views. Your neighbors are deer, eagles, rabbits, the clouds on the horizon and the twinkling stars above. A long private driveway allows for double guard gated access, offering exceptional privacy and security. The main house is thoughtfully designed with four spacious bedrooms and three beautifully appointed bathrooms, while a detached guest house includes an additional bedroom, bathroom, and full kitchen, creating ideal accommodations for guests or extended stays. The extraordinary grounds offer abundant natural drought-tolerant landscaping, a large flat pad perfect for a sports court, and a resort style pool and spa overlooking the scenic Studio City hills. This is a rare opportunity to save months of time and effort with the Department of Building and Safety, as the plans are ready to issue and construction can begin without delay. Located within the boundaries of prestigious Carpenter Community Charter School and is just minutes from Harvard-Westlake School Oakwood, Notre Dame, and Campbell Hall. It is only a few blocks from the trendy shops and dynamic restaurants along Ventura Boulevard and just steps from the renowned hiking trails of Fryman Canyon, offering the perfect balance of privacy, convenience, and natural beauty in one of Studio City's most desirable enclaves. Great location for Hollywood, Burbank, Downtown, Pasadena, all the major Studios including Netflix, and a quick hop over the hill to the fabulous restaurants and clubs in the city. The nearby sales on Longridge, Rhodes and Hillslope, the incredible valuations on Sunswept and Toluca Lake's Moorpark, are all redefining the luxury market for this part of the Valley. Viewcrest itself is now home to some incredible new luxury construction. Make this your masterpiece statement.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-5 • 2.1 mi
Grades K-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 69% |
| Baths | 4.0 | 3.0 | 52% |
| Square foot | 6,716 | 2,571 | 97% |
| Lot Size | 174,455 | 8,427 | 99% |
| Price | $3.50M | $2.33M | 74% |
| Price per sq ft | $520 | $950 | 4% |
| Built year | 2026 | 1956 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 162 | 3% |
Mar 16, 2026
$3,495,000
Initial Listing
Jun 9, 2011
$285,000
Public Record
Oct 3, 2001
$20,000
Public Record